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Private-sector employment in the U.S. rose by 220,000 jobs in April from March, well above the 12-month average, according to Automatic Data Processing Inc.’s (NASD: ADP) national employment report released today.
The figure exceeds the six-month average of 197,000 and the three-month average of 207,000.
“The job market is gaining strength,” said Mark Zandi, chief economist at Moody’s Analytics, which produces the report with ADP. “After a tough winter employers are expanding payrolls across nearly all industries and company sizes. The recent pickup in job growth at mid-sized companies may signal better business confidence. Job market prospects are steadily improving.”
According to ADP's report, the service-providing sector added 197,000 jobs in April, up from an upwardly revised March figure of 181,000. The goods-producing sector added 24,000 jobs in April, down from 28,000 in March.
Small firms added the most jobs in the month with 82,000, closely followed by medium-sized companies with 81,000. Large businesses added 57,000 jobs.
The report is derived from a sample of ADP data from 411,000 U.S. business clients representing nearly 24 million U.S. employees. The report’s methodology utilizes ADP payroll data, U.S. Bureau of Labor Statistics employment data, and the Philadelphia Federal Reserve Bank’s Aruoba-Diebold-Scotti Business Conditions Index.